Gas without you: The EU could completely abandon Russian gas this year, but will most likely postpone this decision for political reasons
The progress of the next heating season in Europe demonstrates the stability of the new gas supply system, which was formed after Russia’s invasion of Ukraine. Storage capacity is near record levels. Prices for the year ahead are only 20% higher than the average for the ten pre-war years. Russia now accounts for no more than 15% of European consumption. The EU has planned to completely phase out Russian fossil fuels only by 2027.